Top 100 Sur­vey

Business Daily (Kenya) - - FRONT PAGE - John Mu­tua jmu­[email protected]­tion­media.com

NAIROBI From left- KPMG chief op­er­at­ing o icer Jane Mugo, Nendo chief ex­ec­u­tive o icer Mark Kaigwa, Ibiz Africa In­cu­ba­tor man­ager at Strath­more Univer­sity Bernard Chira, Branded Restau­rant Africa CEO Leonard Mu­dachi and KPMG head of man­age­ment con­sul­tant David Mbatha take part in a panel dis­cus­sion dur­ing the Kenya Top 100 Mid-sized Com­pa­nies’ Sur­vey 2018/19 pre­sen­ta­tion at Villa Rosa Kempin­ski ho­tel yes­ter­day..

Uganda is the most pre­ferred in­vest­ment desti­na­tion by Kenyan small and medium en­ter­prises look­ing to ex­pand out­side the coun­try, a new re­port says.

The 2018 an­nual Top 100 sur­vey by Na­tion Me­dia Group and KPMG shows that 78 per cent of lo­cal SMES have opened branches in Uganda, 59 per cent in Tan­za­nia while 41 per cent are in Rwanda.

The SMES say that ease of mov­ing goods between Kenya and Uganda, po­lit­i­cal sta­bil­ity and the mu­tual sup­port for trade between the two gov­ern­ments are their big­gest at­trac­tions to the neigh­bour­ing coun­try.

A fur­ther 61 per cent of the sur­veyed SMES ex­pressed will­ing­ness to ex­pand into Uganda in the next few years. “From 2009, we have con­sis­tently seen that most SMES are in­clined to set up their first op­er­a­tions in Uganda then Tan­za­nia. From an East African per­spec­tive, Uganda re­mains our big­gest busi­ness part­ner,” Mau­rice Gachuhi, se­nior man­ager at KPMG Kenya said yes­ter­day.

Top 100 sur­vey is a joint ini­tia­tive by Na­tion Me­dia Group and KPMG that was started in 2007. It seeks to iden­tify and recog­nise the coun­try’s fastest grow­ing medium-sized com­pa­nies and cel­e­brate some of the most out­stand­ing en­trepreneurs.

Mr Gachuhi spoke when Na­tion Me­dia Group and KPMG held a pre-awards con­fer­ence in Nairobi yes­ter­day ahead of the 11th gala din­ner of the Top 100 con­tes­tants set for to­day.

SALATON NJAU

SALATON NJAU

Guests fol­low pro­ceed­ings at the Kenya Top 100 Mid-sized Com­pa­nies’ Sur­vey 2018/19 pre-awards con­fer­ence at Villa Rosa Kempin­ski ho­tel in Nairobi yes­ter­day.

Newspapers in English

Newspapers from Kenya

© PressReader. All rights reserved.